Love Lane Mews Hits Stride With 65% Of Its 38 Condo Units Sold

Love Lane Mews has just about hit its stride. The new condo development at 9 College Place & Love Lane is now 65% sold, according to developer Skyline Management Co. That’s quite an uptick from the 25% in sales Multi-Channel News reported in January. The former parking garage offers 38 residential units, with a garage space included in the purchase price. Condos start at $1,040,000.

StreetEasy reports that 11 units are currently in contract. Prices range from $885,000 to $2.295 million. Curiously, one—Unit 1C—is listed as a rental, for $7,000 a month.

Laurie Zucker, a principal with Manhattan Skyline, comments, “We’re continuing to see great interest from buyers from all over Brooklyn and downtown Manhattan, drawn to the uniqueness of this quiet, picturesque and historic mews in one of New York City’s most coveted locations. We’ve had record numbers at our spring open houses.”

A press release offers more details about the condos at Love Lane Mews:

Love Lane Mews residents are welcomed through an inviting lobby with African teak paneling, original exposed brick walls, Koala honed marble floors and attended by a 24-hour concierge. The homes feature solid white-oak strip flooring soaring 10- to 15-foot ceilings, marble baths and gourmet kitchens with Viking refrigerators and top-of-the-line appliances. All homes include a Bosch washer/dryer and many feature gas burning fireplaces, exposed brick walls and private terraces or balconies. The homes offer privacy and comfort with the best features of a large condo building, on a small boutique scale.

Other amenities include a resident manager and Sky’s The Limit™ concierge service by Abigail Michaels, “where if you can dream it, they can make it happen.” The building also features a fully-equipped fitness center, bicycle storage and a central laundry facility for oversized loads.

The New York Daily News offered its take on the project in March 2011 here. Likewise, NY1 covered Love Lane Mews in February 2011 here.

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  • resident

    There’s something funky in your information. You say that 47 units have sold, according to StreetEasy, and the developer is reporting that only 65% of the 38 total units in the building have sold, so roughly, 25 total. Unless there’s been a crazy amount of flipping going on, I don’t think you’re reading the StreetEasy data correctly. Perhaps you’re including pulled listings as sales?

  • Skeptic

    I don’t believe these numbers (65% sold). By the way, do they have parking?

  • resident

    It looks like they have 13 still on the market. If that’s the entire inventory than the 65% number seems accurate. I’d be a skeptic too, can’t believe they’re getting that kind of $/sf at that site, especially considering that looking at the layouts the quoted square footage must include common area.

    They do have parking, which is a huge plus, but I’m sure they’re paying for it in maintenance.

  • Dean Collins

    @Resident, the parking costs are worse than you think.

    I dont know the specific but people have been discussing on Brownstoner that once they have 10 cars “living” in the building they will have to hire a valet (eg 4 full time people to cover the 24×7 shifts) as they are selling more spots than are accessible (eg cars will be parked in).

    This cost along with a doorman 24×7 for such a small building….wow running costs are going to be through the roof in a few years.